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Author
Parekhelashvili, Mariam
Elgiriya-Witharanage, Kushala A. N
Buri, Sinja
The 16 Lessons Learned
The two-year inception phase of the Pacific Insurance and Climate Adaptation Programme ended in December 2022. Looking back, the Programme has laid a solid foundation for regional expansion. In addition to the major achievement of developing and launching the first parametric microinsurance products for extreme weather events in Fiji, Vanuatu and Tonga, PICAP managed to co-create evidence-based solutions and digital technologies with robust private sector engagement and collaborative partnerships with cooperatives and associations. These accomplishments contributed to increasing financial competency at the local community level.
Attaining all of these achievements in a short period of time has not been without challenges. Thus, as the programme prepares to expand to other countries in the region, it is important to reflect on the lessons learned to capture and share the knowledge and insights gained from the first two years of implementation. To strengthen continuous learning and knowledge-sharing, the programme team continuously made efforts to systematically capture the lessons learned which have been summarized below under six thematic categories: partnerships, innovative insurance product development, distribution, outreach and capacity-building, managing for impact and sustainability and evidence-based programming